Tag:
Government Stake
Latest Headlines
Latest Headlines
Citi to make fast asset sales
Citigroup is apparently quite motivated when it comes to asset sales. It just sold its stake in Japanese asset manager Sumitomo Trust & Banking for nearly $800 million. We have to assume more sales are coming. We also have to assume that this is exactly what the government has prescribed for t
Citigroup alone faces big government stake
Not too long ago, it seemed fait accompli that Uncle Sam would end up a large owner of the nation's biggest banks. But a favorable stock climate has allowed some big banks, notably Bank of America and Wells Fargo, to raise more than expected via direct offerings, and asset sales have gone well.
How much did Bank of America raise?
Suddenly, Bank of America seems to have some wind in it's sails. The upgrade by Goldman Sachs was a welcome bit of news. But even better news may have come from Citigroup analyst Keith Horowitz. He estimates that Bank of America "probably" issued 250 million to 300 million shares since May 8--valu
